Wealth Effects LLC Lowers Holdings in 3D Systems Co. (NYSE:DDD)

Wealth Effects LLC trimmed its position in shares of 3D Systems Co. (NYSE:DDD) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 315,200 shares of the 3D printing company’s stock after selling 14,620 shares during the quarter. Wealth Effects LLC’s holdings in 3D Systems were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in shares of 3D Systems during the third quarter valued at approximately $1,143,000. XTX Topco Ltd boosted its stake in 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the last quarter. Barclays PLC increased its holdings in shares of 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of 3D Systems in the second quarter worth $824,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of 3D Systems in a research note on Saturday, January 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.25.

3D Systems Trading Up 4.0 %

DDD opened at $4.00 on Tuesday. The company’s 50 day moving average is $3.29 and its 200 day moving average is $3.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $5.75.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, equities analysts expect that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.